Scrip scan: Sayaji hotels
Bse Code: 523710
cmp : Rs89
Bse Code: 523710
cmp : Rs89
Introduction: – Booming tourism industry and higher business travel has led to insufficient rooms in indian hotel industry. As a result,most hotels in all categories are enjoying best ever occupancy as well as ARPU.Hotel industry is expected to do much better for next 2-3 years.
In such a scenario, India’s leading premium three star hotel and food chain Sayaji hotels appears a good pick.Promoted by Dhanani family of indore, company has hotels in baroda and indore and Gandhidham..In fact,indore property enjoys dominant position in indore city with its central location.Sayaji faces very little competition in indore.Indore hotel offers full marriage package which is very popular and big money spinner for the company 30 to 40% revenue of the hotel group is from marriage packages.Future prospects:Company has been performing exceedingly well.Revenues for the year 2008 were 69.18 crores, an increase of 53.78 per cent over the prior year.
The company has set up a 350 room hotel in pune.Company is also planning to set up another hotel in one of the major prime cities. These 2 projects will catapult sayaji into bigger league.
The company has up chain of restaurants called 'kabab ville'.These restaurants offer high quality speciality food at reasonable prices.
Mr. Sajid Dhanani, Managing Director, Sayaji hotels commented: "We have grown considerable in the last year and have achieved our set target. Going forward this year, we are opening our four star category hotel having 247 rooms in Pune and also concentrate on opening more Barbeque Nation Restaurants, adding 30 more to the already existing 10 restaurant outlets. We are also adding 200 rooms in out existing hotel at Indore and will be operational in the year 2010-11 and adding one more mid segment hotel in Indore having 204 rooms by 2009-10. After successful running of our F&B outlet buffet junction at Ginger hotels at Baroda we are planning to role out the model in other centers and mall all over India.”
Sayaji Hotels:-
The company is planning to capitalise the hospitality boom by opening 100 Barbeque Nation restaurants in the next 3 years. Barbeque Nation restuarants chain has presence in 11 cities at present and plans to open 34 more by dec09 and total target is 100 by end of fiscal 2009-10. 20% of the profits of the Barbeque nation is distibuted among staff causing accelerated growth of the group.
Recent New about Sayaji Hotels
Sayaji Hotels Ltd has informed BSE that the Opening of Barbeque-Nation Restaurant at Ahmedabad (Gujarat) by wholly owned subsidiary Company of the Company. Further the Company has informed that, Sixth Restaurant is opening on May 02, 2008 at Ahmedabad (Gujarat). The Company is inaugurating the new Restaurant at Shop No. 3, Shivalik-3, Near Milestone Complex, Drive in Road Ahmedabad. The Sixth Restaurant is being opened by the wholly owned subsidiary Company M/s. Barbeque-Nation Hospitality Ltd and currently operating five restaurants at Jaipur, New Delhi, Lucknow, Chandigarh and Chennai. The Company is already opening five restaurants at Pali hills-Bandra, Mumbai, Indra Nagar-Bangalore, Koramangala-Banglore, Banjara hills-Hyderabad and Gurgaon near Delhi.
Conclusion :
The company has been posting consistently improved performance for the last 4 years.Present EPS is Rs.5/-and scrip quoting Rs.86 at BSE. and has taken support at Rs 85 levels.Though valuations are not dirt cheap but numbers should speak in the coming quarters.Prospects looks good.Management is ambitious and they are doing all the right things needed to make a name for themselves.
Related Readings and Observations
Google Realtime Intraday Backfill Data How to get the realtime intraday backfill data. Many of us know that google provides 15 day intraday 1min backfill. But where is the source how the softwares like Manshi RT and volume […]
Bank Nifty Futures – Apr 219 – Short Term Outlook Bank Nifty futures on 5min timeframe turned to short mode on quick flip system with immediate supports coming around 30,003 levels. Price maintaining below 30,003 could bring possible […]
Buy This Long Term Stock : Kaveri Seeds Script Name : Kaveri Seeds CMP : Rs 196 Target : Rs 262 Time Frame : 3months Kaveri Seed Company Limited is in the service of Indian farmer for more than three decades now, with a […]
Gold Technical Analysis week starting Dec 5th 2011 Gold has been trading in a narrow range since November. It just oscillates between 1000 point range of 28300 to 29300. At the same time it is giving a ascending triangular pattern which is […]
Nifty and 10 day SMA of TRIN
10 day SMA of TRIN is in increasing mode. But still below one. Any value above 1. We will definitely test the lows this time. Source:
www.marketcalls.in
Ispat to fund expansion plans via equity route #fullpost {display:none;} Source : CNBC-TV18Ispat Industries has a debt of about Rs 6500 crore. However, the company has plans for expansion, for which it wants to take the […]
only sajid dhanani can & could do it. A man with lots of courage to stand in adversity and make things in his way